Dec, 31, 2020 — COREPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in Norwich, CT with 7 branch locations and about $271.28 million in total assets. Opened 85 years ago in 1936, COREPLUS FEDERAL CREDIT UNION has about 27,365 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COREPLUS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 202 Salem Tpke Norwich, CT 06360 |
| Phone: | (860) 886-0576 |
| Fax: | (860) 885-3538 |
| Website: | http://www.coreplus.org |
| Branches: | 7 branch locations |
| Members: | 27,365 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1148 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $271,275,065 |
| CEO/Manager: | Nicholas K Fortson |
| Chairperson: | Susan Dowling |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,717,893 |
| TOTAL INVESTMENTS | 54,696,788 |
| Loans Held for Sale | 558,800 |
| Real Estate Loans | 68,721,409 |
| Unsecured Loans | 19,410,239 |
| Other Loans | 91,236,207 |
| TOTAL LOANS | 179,367,855 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,328,347 |
| Land And Building | 2,732,752 |
| Other Fixed Assets | 1,260,871 |
| NCUSIF Deposit | 2,399,723 |
| All Other Assets | 4,868,730 |
| TOTAL ASSETS | 271,275,065 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,805,047 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 48,689,465 |
| Regular shares | 103,025,174 |
| All Other Shares & Deposits | 96,184,467 |
| TOTAL SHARES & DEPOSITS | 247,899,106 |
| TOTAL LIABILITIES | 249,704,153 |
| Regular Reserve | 2,931,294 |
| Other Reserves | 1,564,598 |
| Undivided Earnings | 17,075,020 |
| TOTAL EQUITY | 21,570,912 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 271,275,065 |
| INCOME & EXPENSE | |
| Loan Income | 7,658,398 |
| Investment Income | 791,237 |
| Other Income | 4,039,083 |
| Total Employee Compensation & Benefits | 4,411,443 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,804,077 |
| Non-operating Income & (Expense) | 742,127 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 930,000 |
| Cost of Funds | 1,156,762 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,928,563 |
| ↑ Back to Top | |